Dirtt

Groundbreaking WSJ Story on Gold

Well at least the debate is passionate!

Gold overshoots each direction. Some excellent cycles work gives the yellow brick a decent chance to visit the sub-750 area for maybe a nano-second. The premiums charged for buying gold coins is almost ridiculous and that says plenty about where this market is going. Small investors....band together and take delivery on the 100-ounce bar. You might enjoy getting that premium too.

The Chickens Come Home to Roost, But Have We Really Learned from Our Mistakes?

You have to laugh and find humor...otherwise we might seek other forms of expression.

Allen is "dead on balls accurate." We live on an island 3000 miles from the Port Of Los Angeles. Stockpiling food and water (and air for you in metropolitan areas) is critical. Thankfully we can grow all year.

Taxation Without Representation. The grass roots movement which commenced in 1764 may have seemed a little radical at the time. And what does it tell you when members of Congress say 85% of their constituents told them to vote NO but they still voted YES. Who in the hell are they working for anyway?

It's the year 2008. And when 85% of the voters say NO to this scale of taxation and those that represent us say YES what other mantra rings true?

When I say "keep the powder dry" I mean it in its contemporary form (pundits on Wall Street) and its historical form (real patriots...the Minutemen.) And perhaps the impending revolution will be a peaceful one. The pension funds for many in law enforcement suffered the same fate.

Tar and feathers for the BOLD FACE LIARS is a remedy I'd sign on to.

Barron's Goes Bullish on Banks, Again

Barry Ritholtz poses the question when did three major publications announce "coincidental bottoms?" Not sure but...

The Harvard Economic Society is quoted as follows:

on Jan 18 "...there are indications that the severest phase of the recession is over..."

on Apr 19 "... the outlook is favorable..."

on May 17 "...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."

on June 28 "... irregular and conflicting movements of business should soon give way to a sustained recovery..."

on August 30 "... the present depression has about spent its force..."

But wait. August 30? It's still July. Ahhh. But is it 1930?

credit to gold-eagle.com for the quotes. It would be entertaining if it weren't so pathetic and serious.